By Angelo Amante and Gavin Jones ROME (Reuters) -Italian Prime Minister Giorgia Meloni on Wednesday criticised the European Central Bank over repeated interest rate hikes, saying it was following a “simplistic” policy approach that could do more harm than good. The ECB raised euro zone interest rates to their highest level in 22 years this …
Italy rounds on “simplistic” ECB over rate hikes Read More »
By Amruta Khandekar and Matteo Allievi (Reuters) -European shares climbed on Wednesday after robust U.S. data soothed concerns about a steep economic slowdown, while investors awaited commentary from central bankers at a forum expected later in the day for further policy direction. The pan-European STOXX 600 index was up 0.6% by 0826 GMT, tracking overnight …
European shares climb as robust US data soothes recession jitters Read More »
(Reuters) – Shares of British makeup brand Revolution Beauty soared as much as 54% after a suspension of trading of the company’s stock was lifted on Wednesday. Revolution Beauty’s shares were suspended from trading on Sept. 1 last year, after the company’s auditors raised concerns about its financial accounts and the company failed to publish …
UK’s Revolution Beauty soars after suspension of trading lifted Read More »
LONDON (Reuters) – European Union plans to attract clearing in euro denominated derivatives from London to the bloc should be phased in with no mandatory quotas on banks initially, a senior member of the European Parliament said on Wednesday. Danuta Huebner said ditching proposed mandatory quotas in the first phase of the draft law from …
EU lawmaker proposes phased approach to attracting euro clearing from London Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Zalando, Europe’s biggest online fashion retailer, has made the first legal challenge to new EU content rules, suing the European Commission for putting it in the same category as Alphabet’s Google and Meta Platforms. Under the Digital Services Act (DSA) which came into force last year, Zalando was labelled …
Zalando sues EU Commission over online content rules, seen as first challenge Read More »
(Reuters) – Revolution Beauty on Tuesday announced the re-appointment of CEO Bob Holt to the board of the UK-based beauty products retailer just after its annual meet, against shareholder Boohoo’s requisition. The company also said Rachel Maguire and Matthew Eatough were appointed as directors after the annual meeting left Jeremy Schwartz as the sole director …
Revolution Beauty re-appoints CEO to board defying shareholder Boohoo’s wish Read More »
By Gabriel Araujo SAO PAULO (Reuters) -Investors were left disappointed by weaker-than-expected order numbers for Brazil’s Embraer at the world’s largest airshow last week, though some analysts were heartened by a bid from China and interest in Embraer’s electric aircraft unit. The world’s third-largest aircraft maker after Airbus and Boeing, Embraer bagged 13 fresh orders …
Embraer lags in orders at Paris Airshow, but longer-term recovery seen Read More »
By Giuseppe Fonte and Crispian Balmer ROME (Reuters) -The Italian government has proposed Fabio Panetta, an executive board member of the European Central Bank, as the next governor of the Bank of Italy, two government sources said on Tuesday. The current governor, Ignazio Visco, will remain in office until his mandate expires at the end …
Italian govt proposes Panetta as next Bank of Italy chief Read More »
(Reuters) -UBS Group is looking to cut more than half of Credit Suisse’s workforce from next month as a result of the bank’s takeover, Bloomberg News reported on Tuesday. Bankers, traders, support staff in Credit Suisse’s investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with …
UBS to cut more than half of Credit Suisse workforce – Bloomberg News Read More »
By Tommy Wilkes LONDON (Reuters) – U.S. asset managers factor greenhouse gas emissions and other climate risks into their debt investment decisions as much as peers in Europe, according to a survey released on Tuesday, despite the Republican campaign against climate-focused investing in the United States. Nearly a third of North American fixed income managers …
U.S. debt investors as climate-focused as European peers, survey finds Read More »
